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2005 W County Road 450 S, Sullivan, IN 47882

3 beds • 2 baths • 1924 sqft

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This property looks like a bad Airbnb investment with a projected -14.39% first-year return on $126k initial cash invested.

-14.39%

Cash On Cash

2.65%

Cap Rate

0.45

DSCR

$2,771

Rent

-$1,512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,771 income − $4,283 expenses = $1,512 out of pocket

Income$2,771Out of Pocket$1,512Mortgage P&I$2,53892%Property Taxes$2348%Insurance$1806%Management$41615%CapEx$1114%Maintenance$1114%Other$69325%

Investment Breakdown

|

Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,149

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,771

Total Expenses

$4,283

Mortgage P&I

92%

$2,538

Property Taxes

8%

$234

Home Insurance

7%

$180

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$693

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